Month: December 2024

Interest Rate on Nigerian Treasury Bills Rises by 10bps The spot interest rate on the Nigerian Treasury bill (NTB) was adjusted upward by 10 basis points (bps) at the primary…

Derivative, Contractors Inflows Ease Pressure on Interbank Rates Interbank rates eased in the money market as derivatives, contractors, and other inflows lifted liquidity balance in the banking system. The short-term…

Sokoto: Ahmad Aliyu Signs N526.9bn Budget into Law Gov. Ahmad Aliyu of Sokoto State on Saturday signed the state’s 2025 Appropriation Bill into law. While signing the bill, Aliyu pledged…

Innovation Key to Commodities Development – SEC The Securities and Exchange Commission (SEC) says it is committed to promoting innovation and collaboration to position commodities exchanges as vital drivers of…

Equities Investors See N609 billion Gain on Nigerian Exchange Equities investors on the Nigerian Exchange (NGX) trading platform gained about N609 billion last week in the local bourse. The market…

Naira Rises to N1534 as CBN Keeps Supply Side Robust The Nigerian naira appreciated to N1,534 per US dollar in the official exchange rate market on Friday following rapid auction…

Oil Prices End Positive on Demand Optimism The oil market recorded a weekly gain due to demand optimism following signals that Chinese imports would increase at the same time U.S.…

Debt: MTN Gets Approval to Disconnect Exchange Telecommunications The Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Ltd. from MTN Nigeria network due to the non-settlement of…

Equities Investors Lose N32bn as Top Banking Stocks Plunge Equities investors lost about N32 billion in the stock market as top banking stocks prices plunged. The equities segment of the…

Naira: Investment Firm Sets N1804/s Exchange Rate for 2025 The naira outlook appears pessimistic, at least, to investment experts at Afrinvest, who set the weighted average exchange for the local…